Grading a luger is very subjective and depends on whether you are the seller or the buyer. The former usually grades higher than the latter. Factors that are taken into account include, the percent of the blue remaining, the quality (thinness) of the blue, the percent of the strawing (prior to 1937), the height of the diamonds on the grips, etc. Before one accepts the percent, one must (IMO) see good quality photographs, or even better, inspect the piece in person. All that said, a big can of worms may be opened up.
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